Neighborhood Recovery Community Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 3,884,211 | 2,692,967 | 1,191,244 | 23.1 | 25% |
| 2020 | 2,924,476 | 2,484,695 | 439,781 | 27.1 | 29% |
| 2021 | 2,523,534 | 2,772,740 | −249,206 | 23.2 | 30% |
| 2022 | 2,614,847 | 2,902,330 | −287,483 | 21.0 | 30% |
| 2023 | 3,923,558 | 3,123,993 | 799,565 | 22.6 | 30% |
In its most recent public year (2023), this organization brought in $799,565 more than it spent. Its reserves stood at about 22.6 months of spending. Staff pay was 30% of spending. $1,955,188 of its net assets are donor-restricted.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
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